J.M. Smucker to buy back 1 mln shares under trade plan

SAN FRANCISCO (MarketWatch) -- J.M. Smucker Co.
SJM, -0.42%
said late Wednesday it entered into a trading plan with a broker to buy back up to 1 million shares. The buyback will be conducted under a Rule 10b5-1 plan, under which Smucker can purchase shares at times when it otherwise might be prevented because of insider trading laws or self-imposed trading blackout periods.

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